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November 2020 revenue ａnd shipment overview
Dear Investors,
YG Group announced its consolidated revenue of NT$862 million for November 2020. This represents an increase of 23.7% Month-over-Month (MoM) and an increase of 16.1% Year-over-Year (YoY). In terms of shipment, we delivered 18,434 tons in November, an increase of 20.5% MoM and an increase of 22.7% YoY.
As a result of rush orders from wind power customers in November, both revenue and shipments for YGG during this month reached record new highs since the public listing. Looking forward to December, wind power demand can be expected to maintain at a relatively high level, while demand for injection molding machines and industrial machinery remains similar to previous months.
Revenue and Shipment by quarter
4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 | |
Revenue/NTD K | 1,702,768 | 1,552,357 | 1,950,616 | 2,168,195 | 2,228,818 | 1,130,199 | 2,135,664 | 2,430,601 |
shipment/tons | 36,007 | 32,619 | 40,649 | 45,237 | 45,612 | 24,222 | 46,328 | 52,370 |
Revenue % | 4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 |
Renewable Energy | 38.8% | 43.3% | 47.9% | 59.4% | 66.6% | 60.7% | 67.0% | 72.8% |
Injection Molding Machine | 29.2% | 26.9% | 24.3% | 16.7% | 14.6% | 17.7% | 14.1% | 11.7% |
Industrial Machinery | 32.0% | 29.8% | 27.8% | 23.9% | 18.8% | 21.6% | 18.9% | 15.5% |
Safe Harbor Notice
This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as required by law, we undertake no obligation to update any forward – looking statements, whether as a result of new information, future events or otherwise.
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